Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Cathay Pacific 1H2011 Profit 360M  
User currently offlineflythere From Hong Kong, joined May 2010, 443 posts, RR: 0
Posted (3 years 1 month 1 week 1 day 7 hours ago) and read 1619 times:

The Cathay Pacific Group reported a profit of HK$2,808 million (USD360 million) for the first six months of 2011 which compares to a profit of HK$6,840 million (USD877 million) in the first half of 2010. Earnings per share fell by 58.9% to HK71.4 cents (USD9.15c) Turnover for the period rose by 13.2% to HK$46,791 million (USD5998.8 million).

In the first half of 2011, the core business of the Group remained generally robust following the very strong performance of 2010. The passenger businesses of both Cathay Pacific and Dragonair performed well, with strong demand for premium class travel despite economic uncertainty in some of the world’s major economies. The cargo business performed reasonably in the first quarter of the year but was appreciably weaker in the second quarter. Revenues were boosted by the relative strength of a number of key operating currencies.

http://www.cathaypacific.com/cpa/en_...1f9c1b1310VgnVCM1000000ad21c39____



Edit: For thread duplication

[Edited 2011-08-09 22:42:27]

2 replies: All unread, jump to last
 
User currently offlineIndianicWorld From Australia, joined Jun 2001, 2977 posts, RR: 0
Reply 1, posted (3 years 1 month 1 week 1 day 6 hours ago) and read 1477 times:

Thats a significant fall in profit, but its still a decent result.

User currently offlineflythere From Hong Kong, joined May 2010, 443 posts, RR: 0
Reply 2, posted (3 years 1 month 1 week 1 day 5 hours ago) and read 1408 times:

Quoting IndianicWorld (Reply 2):
Thats a significant fall in profit, but its still a decent result.

Agree there. Oil price is the main culprit for all airlines this year that no one can escape.
While comparing the likes of LH, AF with operation losses and SQ's plunge of 82% profit, a drop of 59% (with an already very high base in 2010) is already much an out-performance than the rest.


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Cathay Pacific To Cut Between 10%-15% Capacity posted Sat Mar 29 2003 10:16:23 by Singapore_Air
Cathay Pacific To Sell 10 Percent Stake IN Air HK posted Thu Mar 6 2003 13:03:05 by Carnoc
Cathay Pacific To Start HKG - ORD In 2011 posted Sun Dec 5 2010 22:45:19 by ojas
Cathay Pacific To Relaunch Their Business Class posted Sat May 22 2010 02:41:10 by Singapore_Air
Cathay Pacific To Operate 777 To LHR posted Thu Feb 4 2010 12:15:03 by Kolkg
Air Canada To Fly 77W YYC-LHR Starting Aug. 1 posted Fri May 4 2007 07:28:40 by Tuffer
Cathay Pacific To Buy 5 Boeing 747s posted Tue Nov 7 2006 14:29:16 by CaptainTim
Cathay Pacific To Become Asia's Largest Airline? posted Sat May 13 2006 20:28:40 by Hkg82
Cathay Pacific To Begin Services From Manchester posted Tue Dec 6 2005 23:33:04 by HARLEYF150
Cathay Pacific To TakeOver Dragonair One Day? posted Wed Nov 23 2005 17:15:07 by United Airline